CITY LOAN PROPOSALS.

New Zealand Herald, Volume LI, Issue 15567, 26 March 1914, Page 8

CITY LOAN PROPOSALS.

POLL TO BE TAKEN TO-DAY. FOUR SEPARATE ISSUES. RATEPAYERS TO DECIDE. I The poll of ratepayers of the city„on the proposal of the City Council to raise loans aggregating £112,000 will be taken to-day between the hours of 9 a.m. and 7 p.m. The proposed loan is designed for the following purposes: —

For completion of the city drainage, £80,000. For new depot and stables in Patteson Street, £13,000. For the purchase of the Gillies Estate, Parnell, for a public park, £15,000.

For extension of the Art Gallery, £4000. Only ratepayers will be able to vote at to-day's poll, the residential qualification not applying as it does in the case of municipal elections. Those qualified to vote are all who own property within the city or who hold leases of property with an occupancy of not less than three months and who pav rates. The special roll to be used for the purposes of the poll is made up from the valuation roll on which the names of persons so qualified appear. Ratepayers residing either inside or outside the city are entitled to vote. Of the 8523 names on the roll, 7124 are within the old city boundaries, 1018 in Parnell, and 381 in Archhill.

The returning officer to-day will be Mr. G. Hogan, and the polling booths will be situated as follows: —Concert Chamber (Town Hall), Chamber of Commerce (Swanson Street), St. James's Hall (Wellington Street), Munro's Hall (Ponsonby Road), All Saints' Schoolroom (Church Street), Bayfield Hall (Heme Bay Road), the late Archhill Road Board Office (Archhill), East Street Hall (East Street), St. David's Hall (Khyber Pass Road), St. Andrew's Hall "(Symonds Street), Wesleyan Churchroom (Manukau Road), and the Native Boys' School (St. Stephen's Avenue). It should be noted that the Manukau Road polling place will be at the Wesleyan Churchroom and not at the Oddfellows' Hall, as originally advertised. If the loans are authorised it is proposed that each shall have a currency of 21 years and carry a sinking fund of i per cent. It is further intended to make loan pay its own expenses, but not the interest or sinking fund, for the first year.